Skip to content
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » USDA Securitization Fell in 1Q18, PennyMac Grabs Market Lead
Looking to read the full article? Register for free access to IMFnews content today!

USDA Securitization Fell in 1Q18, PennyMac Grabs Market Lead

June 15, 2018
Issuance of mortgage securities backed by USDA loans dropped during the first three months of 2018. Approximately $4.03 billion of rural housing loans with a USDA guarantee were delivered in Ginnie Mae MBS during the first quarter, down 18.3 percent from the previous quarter. Agency data also showed an 11.7 percent decline in USDA securitization volume from the same period a year ago. Rural housing loans accounted for 1.5 percent of all loans securitized in Fannie Mae, Freddie Mac and Ginnie Mae pools and 2.8 percent of loans with private or government-backed mortgage insurance. Purchase loans comprised the bulk of USDA loans that were delivered into Ginnie MBS pools. PennyMac knocked Freedom Mortgage out of first place with a total of $753.3 million in securitized USDA loans despite a 10.4 percent decline in production. Freedom Mortgage accounted for $523.3 million of USDA loans pooled in ... [Charts]
News Inside Mortgage Finance Inside MBS & ABS Inside Mortgage Trends Inside The GSEs Inside FHA/VA Lending Inside the CFPB Government-Insured Lending Originations Servicing Agency MBS Profitability Regulation Legislation
Purchase this article for $350.00
Subscribe To The Newsletter

Latest Imf News

  • Refis Boost GSE Deliveries in October

  • Trump, Pulte Tout 50-Year Mortgages From GSEs

  • Falling Mortgage Rates Expand Refi Eligibility

  • Servicers Eye AI to Reach Younger Borrowers, Increase Recapture

More Imf News

Featured Data

  • Bulk Agency MSR Transfers Soar in 3Q, Coissuance Up

  • Nonbanks Add to Servicing Portfolios in Third Quarter

  • Non-Agency CMBS Surges in 3Q25, Agency MF Steady

  • FHA/VA Delinquencies Rise in 3Q, More Pain Expected

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2024

  • Lender Profiles 2Q25: Top 25 (PDF)

  • GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

  • Mortgage Servicing Rights Report: 2Q25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2025 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing